Furniture retailer apologizes

2011-07-19 16:19:00

Furniture imports dealer Da Vinci, which has been accused of faking certificates of origin for its pricey pieces, released a public apology letter Monday afternoon that said the company will "take responsibility and fix the mistake".

Oil majors see losses in overseas investment

2011-07-19 15:32:25

Two thirds of three Chinese oil majors’ hefty overseas investments have sustained losses, the 21st Century Business Herald reported Tuesday, citing a report from China University of Petroleum.

Hainan Airlines to invest in Hungary

2011-07-19 15:10:19

China's Hainan Airlines Group is planning to buy shares in Europe's Malev Hungarian Airlines, Securities Daily reported on Tuesday, citing Chen Feng, vice president of the group.

Railway ministry in 2-trillion-yuan debt

2011-07-19 13:54:02

China's Ministry of Railways (MOR) was 1.98 trillion yuan ($294.87 billion) in debt at the end of the first quarter of 2011, causing its asset-liability ratio to reach 58.24 percent, CNTV reported Tuesday.

Delayed project puts ceramic capital under flood threat

2011-07-19 12:31:42

After 10 years and spending 70 percent of the budget, a flood-control dike project in Jingdezhen city, the world-famous ceramic capital of East China’s Jiangxi province, is not even half complete, sparking public doubt, Beijing News reported on Tuesday.

Latest amphibious warship launched in Shanghai

2011-07-19 11:19:32

The Jinggangshan dock landing ship, which is the largest warship in the Chinese Navy, was officially launched in Shanghai, Monday's Jiangxi Daily reported.

Coke Zero has antiseptic banned in Taiwan

2011-07-18 18:55:30

A batch of Coca-Cola Zero imported into Taiwan from Shanghai has been found to contain an additive banned by Taiwan authorities but allowed on the Chinese mainland.

Kunming removes Oral-B products

2011-07-18 16:33:14

Supermarkets in Kunming in Yunnan province have removed all Oral-B dental hygiene products from store shelves, reported on Monday.

China to expand resource tax reform pilot

2011-07-18 15:51:04

China will expand the range of taxable resources to additional natural resources.beyond just oil and gas, Shanghai Securities News reported Monday.

McDonald's raises prices

2011-07-18 14:54:29

US fast food giant McDonald's raised prices of certain products in China from July 13, the Beijing Times reported Monday.

China's land price up 8.85% in Q2

2011-07-18 14:02:56

The average price of land in China's major cities during the second quarter increased 8.85 percent year-on-year, the Beijing News reported on Monday, citing data from the Ministry of Land and Resources.

Ministry refutes oil leak causing fish death

2011-07-18 11:17:19

Dead seaweed and rotting fish offshore from Changdao county in Shandong province, has no relation to the oil leak of Penglai 19-3 oilfield in Bohai Bay, despite its close proximity to the site, according to the latest test results released by the State Oceanic Administration and the Ministry of Agriculture, the Beijing Times reported on Monday.